When a Note Receivable Is Discounted,the Net Proceeds Are Computed

question 18

Essay

When a note receivable is discounted,the net proceeds are computed by subtracting the discount charges from the ____________________ value of the note.

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Definitions:

Form Of Phrase

The particular way in which a phrase is constructed or expressed.

Pay To The Order Of

A phrase written on checks to designate who has the authority to receive the amount specified on the check.

Use Of Checks

The practice of using checks as a method of payment; involves writing, issuing, or receiving checks as a way to transfer money.

14th Century

The period extending from the year 1301 to 1400 in the Gregorian calendar, marked by significant historical events globally.